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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: thebeach who wrote (30764)	10/8/1998 5:35:00 AM
From: Philipp	Read Replies (1) \| Respond to of 94695

the media.CNBC is going too far and others as well.Serious money is being lost on paper as well as for real and the media is making light of the situation.The boys on squawk box used to get my attention but not now. I don't receive CNBC, but I fully understand your sentiment. I also find the superficial reporting in most of the media (excluding perhaps the FT, WSJ) very annoying. Anyway, today could be an interesting day again. Japan, Europe falling sharply, Nasdaq on a steady decline, and SPX approaching crash-signal levels again. Only the Dow is staying up. If this is manipulation, it must be getting very expensive, since hedge funds would know how to make money when it is clear that there is intervention. According to the WSJ there have been huge inflows of money yesterday into the Dow and SPX despite the fact the Dow ended flat and SPX down significantly. Money Flow (from WSJ Interactive) Uptick vs. Downtick Trading by Dollar Volume Wednesday, October 7, 1998 MARKET Money Money Up/Down Flow Flow Ratio Previous Day in M$ DJIA* +279.4 +157.6 131/100 Blocks +348.6 +412.7 160/100 DJ Global-US* +207.6 +44.8 103/100 Blocks +219.5 +925.4 104/100 S&P 500* +249.9 +36.3 104/100 Blocks +155.7 +897.2 103/100 Russell 2000* -67.0 -55.6 93/100 Blocks -118.5 -105.6 82/100 Bullish or massive intervention? Regards, Phil